One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Dillard's cleared that benchmark Thursday, with a jump from 78 to 81 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
Dillard's is in a buying range after breaking past a 435.17 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
Although earnings and sales growth came in at -6% and -2%, respectively, in the latest report, that marks three quarters of acceleration for earnings and one for revenue. Dillard's is expected to release its next quarterly numbers on or around Aug. 7.
The company earns the No. 1 rank among its peers in the Retail-Department Stores industry group. Macy's and are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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